Oct 2 Smallest monthly change in XIV's history

A very interesting thing happened in VelocityShares Daily Inverse VIX ST ETN (XIV) this month. VelocityShares Daily Inverse VIX ST ETN (XIV) finished the month with a gain of just +0.05%! That is the smallest monthly movement in this ETN's history! That is pretty amazing, but what does it potentially mean? One thing it could mean is that we're due for some big movement for this ETN in the month of October. Before this month, the last time we saw movement in this ETN so benign, was in March 2011 when (XIV) finished with a loss of -0.84%. The very next month we saw a gain of +24.91% for the (XIV). So there's history that shows we can see big movement a month after seeing little to no movement in the (XIV).

The month of October is known for its volatility, so we could see additional volatility this month!

Thank you for reading!

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